Zhu Su
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Zhu Su· 2025-09-06 10:49
Some other second order effects1) labubu will flip lvmh2) china-origin hospitality brands will dominate3) china-origin medical and longevity companies will dominate4) china-origin robotics companies will dominate5) china-origin energy companies will dominateBalaji (@balajis):MAGA has thrown in the towel on China.This is completely understandable.But it has many implications.(1) First, what just happened? The new National Defense Strategy[1] is reportedly pivoting away from China and towards the homeland. Ma ...
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Zhu Su· 2025-09-06 06:58
Technology Strategy - China's approach to technology differs from the US due to the concentration of political capital, human talent, and deeptech resources [1] - This concentration is likened to Washington DC having Stanford and MIT, and Silicon Valley being located there [1]
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Zhu Su· 2025-09-05 20:17
Investment Thesis - Quanto, with a ~$9 million fully diluted valuation (FDV), presents a high-risk, high-reward investment opportunity in the perpetual futures exchange market, potentially offering 20x+ returns [1] - The core innovation lies in allowing users to deposit a wide range of crypto assets as collateral for trading perpetual futures, differentiating it from competitors like $HYPE, $DYDX, and $GMX [1][3][17] - The $QTO tokenomics, featuring a burn mechanism where 70% of fees are used to buy and burn $QTO, aims to create a deflationary effect and drive value accrual [5] Tokenomics and Flywheel Effect - Quanto's design incorporates a reflexive $QTO flywheel: fees are used to buy and burn $QTO, potentially burning 12% of the total supply and 20% of the circulating supply annually [5] - The remaining 30% of fees are allocated to the native liquidity providing vault (QLP), similar to GLP or HLP, supporting QTO liquidity [6] - Winners on the platform earn $QTO, and if the losing trade uses non-$QTO collateral, that collateral is automatically sold to buy $QTO, creating on-chain buying pressure [7] Risks and Considerations - The platform's support for a large set of smaller cap coins introduces the risk of market manipulation [12] - The reflexive nature of the $QTO flywheel can work negatively if $QTO price or trading volume declines [13] - Despite the risks, the unique functionality of allowing any coin as collateral provides a strong base of users [13] Competitive Advantages - Quanto's key differentiator is its cross-margining system, enabling users to deposit virtually any crypto asset as collateral to trade perpetual futures [3][5][17] - This feature unlocks capital efficiency and allows trading of a wider range of assets, including memecoins and altcoins [3] - If Quanto were to grow volumes and catch up to competitors, it would be a 19x to GMX's market cap and a 58x to DyDx's market cap from it's current $8 million FDV [17] Financials and Metrics - Since its launch on July 12th, Quanto has generated 25 million $QTO from fees, with 175 million $QTO burned (70% of fees), equating to approximately 330 thousand $QTO burned per day [15] - Annualizing this burn rate results in 120 million $QTO burned per year, representing 12% of the total supply or 20% of the circulating supply [15]
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Zhu Su· 2025-09-03 04:36
Cryptocurrency Associations - Bitcoin is associated with mtg (Magic: The Gathering) [1] - Ethereum is associated with pokemon [1] - Solana is associated with tamagotchi [1] - Hyperliquid is associated with labubu [1] - Bitcoin cash is associated with yu gi oh [1] - Litecoin is associated with furby [1] - Egold is associated with beanie babies [1]
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Zhu Su· 2025-09-03 02:21
Chinese checkers was actually invented in Germany under the name stern-halma. This is why it is played on a Star of David.It only took on the name Chinese checkers because in 1928 an American wanted to market the game to an American audience and calling it Chinese checkers was simply the best marketing given warm China-US relations at the time. ...